In this video, consumer goods analyst Austin Smith discusses how insiders at luxury retailer Michael Kors Limited (NYS: KORS) opted to hold onto many of its shares after the insider lockup period expired. Although this did not allow many investors to scoop up shares at a discount as they had hoped, insiders' confidence may indicate even more growth for the soaring company. While competitor Coach (NYS: COH) expects half as much growth as Michael Kors, Coach is trading for less than a third of Michael Kors' multiple. Either company could be a profitable venture into the luxury retail space. He recommends staying away from smaller, more risky companies like Joe's Jeans (NAS: JOEZ) .
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The article Did Michael Kors Just Give You a Huge Buy Signal? originally appeared on Fool.com.
Austin Smith has no positions in the stocks mentioned above. The Motley Fool owns shares of Tiffany & Co. Motley Fool newsletter services recommend Coach and True Religion Apparel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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